A corporation purchases several new 5- and 7-year class personal property items throughout the current year....

 

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A corporation purchases several new 5- and 7-year class personal property items throughout the current year. If the corporation wishes to take the maximum Code Sec. 179 deduction for the current year, which strategy should it generally follow? A corporation purchases several new 5- and 7-year class personal property items throughout the current year. If the corporation wishes to take the maximum Code Sec. 179 deduction for the current year, which strategy should it generally follow?

Answer rating: 100% (QA)

To maximize the Code Sec 179 deduction for the current year the corporation should gene... View the full answer